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SBA Loan Payments made by SBA - input field

Level 2

Is there an input field in Lacerte for the SBA loan payments made by the SBA?  My understanding is that this is treated similar to PPP and is tax-exempt debt forgiveness.  Or does it require manual entry to M-1/M-2?  Thanks

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Level 15

It's the same.

This week's special - free roadrunner dinner with every return (legal disclaimer - you catch it and we'll cook it)

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Level 15

It's the same.

This week's special - free roadrunner dinner with every return (legal disclaimer - you catch it and we'll cook it)

View solution in original post

Level 1

Is the SBA loan payments taxable to California just like the PPP forgiveness

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